The rush to own a house in Nigeria has never been driven strictly by investment logic. Historically, it has been driven by uncertainty, by the fear that once the breadwinner’s income dips, or once he dies, his dependants may be left exposed. That is the context in which Nigerians rush to own property. Those who can afford more even go as far as building houses for rent, because even when it is not the most profitable economic venture, it is the only form of hedging most Nigerians know or trust.
At the heart of this mindset is also the awareness that there is no welfare system strong enough to protect one’s dependants. So breadwinners do what they feel they must do.
This same instinct plays out across the country, even in public service. Officeholders rush to divert public resources entrusted to them in order to acquire property for themselves, aware that the “opportunity” may not return, and that there is no reliable welfare system to cushion them when the income stops. In fact, their families and friends are often the first to remind them of this. In the end, personal financial security is prioritised over public welfare, and this is partly why we are where we are: a country with one of the widest inequality gaps on the planet.
Those who argue against the wisdom of spending one’s savings to build a house are often speaking from a different reality. Some have lived abroad, where the desperation of the struggling class to own property is not always considered a smart move. Others are financially informed enough to know there are better investment options than dumping all one’s money into property while denying oneself a decent life. But Nigeria is a breadwinner’s nightmare. Every day, you live with the fear that your dependants may not be able to afford the next rent if your income, or your existence, stops.
Where I draw the line is in building a mansion that nobody in your family can maintain after you are gone. I have seen this happen in Abuja, where families had to sell a large family house just to buy a smaller, more manageable one to live in.
So, perhaps both sides of the argument can agree on where to draw the line. Owning a house in Nigeria is not a black-and-white matter. It is not always the smartest investment, but it is often the most emotionally and socially understandable one.
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Me: I think my Japanese landlord believes I’m either a criminal or deeply incompetent.
Friend: What did you do.
Me: I tried to change a light bulb.
Friend: How do you mess up changing a light bulb.
Me: I don’t know, man, the apartment fought back.
my first week living alone in Osaka, light in kitchen dies.
simple task, normal adult responsibility, go to convenience store, buy light bulb with complete confidence despite understanding approximately 3% of the packaging.
come home, unscrew old bulb.
new bulb does not fit, okay fine, go back outside, buy another bulb.
this one fits, victory.
turn switch on, entire apartment loses power.🤦😂
silence, complete darkness.
somewhere in the distance a dog barks like the universe itself is disappointed.
Me: .…interesting.🤣
ten minutes later there is knocking at my door.
landlord standing there in full emergency mode.
tiny elderly Japanese man wearing slippers and concern.
Landlord: Daijoubu?!
Me: I think I attacked the electricity.
he walks inside, looks at light fixture, looks at breaker, looks at me, with the expression of a man trying to understand how I survived childhood.😂
Landlord: You put wrong bulb.
Me: Yes.
Landlord: Very wrong bulb.
Me: I’m gathering that.
he fixes it in literally twelve seconds, light comes back on.
Landlord: Okay now.
Me: Thank you so much.
he starts leaving, stops at door, turns back very slowly.
Landlord: You cook?
Me: …sometimes.
Landlord: Maybe don’t tonight.
@bellopetel As soon as possible or all those with any brain matter will leave. The plan is probably to end up with an ineffective service made up of people that have no option.
I can never understand Nigerian politics. Someone finished his time after a terribly woeful performance as power minister, to go and contest for Governorship election. And rather than arrive his state in humility and address the press solemnly - acknowledging the challenges and how there's a lot of work to be done, he gathered a crowd at the airport and declared a "heroic" welcome. Then started climbing jeep and waiving left and right like someone that just delivered 24/7 electricity. Never seen such shameless arrogance in failure.